Every number here is computed from the traded UNG options chain. The call wall is where dealer hedging accumulates above spot, the put wall is its mirror below, and the gamma flip is the level where hedging switches from running against the move to running with it.
UNG closed at $9.27 on Nov 4, 2026.
The call wall is at $10.00. The put wall is at $9.00.
Computed
Orange: negative gamma zone.Blue: positive gamma zone.
A read of structure from open-interest levels, not a directional forecast. The complete gamma exposure guide
The last recorded price. Every distance on this page is measured from it.
The largest cluster of call gamma. It often acts as a ceiling that slows a rally.
Read the explainerThe largest cluster of put gamma. It often acts as a floor that slows a decline.
Read the explainerLast completed session, from the Finviro engine close archive · today's session levels refresh every five minutes inside the platform.
United States Natural Gas Fund LP is an exchange-traded fund, listed since 2007, with about $433.6M in assets. The fund's price follows what it holds, so it moves with its basket, not with one company.
The fund primarily directs its investments into natural gas futures contracts. These financial instruments are actively traded across various platforms, including the New York Mercantile Exchange (NYMEX), ICE Futures Europe, ICE Futures U.S., and other domestic or international exchanges. The standard benchmark for the fund is the near-month natural gas futures contract listed on the NYMEX, except when that specific…
Its beta is 1.70: the fund usually moves more than the broad market, with wider swings up and down.
On the price was $9.28, below its 50-day simple average (DMA-50 at $10.38) by 11%, and below its 200-day average (DMA-200 at $11.18) by 17%. Price is below both averages: the medium- and long-term trend is down.
A fund does not publish earnings and revenue statements like a company, so its numbers are read from its assets and its price.
These numbers describe the fund's size and nature and change slowly, while gamma levels describe how the fund moves within the session.
At the Nov 4, 2026 close, UNG closed at $9.27: 7.30% below the call wall and 3.00% above the put wall. The gap between the two walls was 10.79% of the price.
Over the last 52 weeks, UNG traded between $8.94 (Oct 30, 2026) and $17.03 (Jan 30, 2026). The last close of $9.27 on Nov 4, 2026 is 45.55% below the high and 3.69% above the low.
Over three months UNG underperformed SPY by 3.51 percentage points.
Closing prices from completed daily candles. A description of what happened, not a forecast.
Live walls, gamma flip, regime, options chain and archive for UNG are for members.
